kaylaw2676 kaylaw2676
  • 26-08-2019
  • Mathematics
contestada

The following function represents the value of a house after x years: f(x) = 242,000(0.96)x What does 0.96 represent?

Respuesta :

musiclover10045
musiclover10045 musiclover10045
  • 26-08-2019

Because the 0.96 is less than 1, it means that the house loses value over the years.

Convert 0.96 to a percent: 0.96 = 96%

100% - 96% = 4%

The house loses 4% of it's value every year.

Answer Link
lisa347
lisa347 lisa347
  • 14-12-2020

Answer:

The decrease in the value of the house per year, which is 4%

Step-by-step explanation:

Answer Link

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